Healthcare Credit Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Conduct thorough and unbiased evaluations of the financial status and creditworthiness of potential healthcare borrowers, focusing on medical, dental, and veterinary practices.

• Perform continuous due diligence on current industry and market conditions.

• Ensure compliance with quality standards and monitor credit within the healthcare portfolio.

• Facilitate new business development while aligning with the company’s risk appetite.

• Collaborate with Practice Solution Consultants to research potential customers and evaluate their fit with products, loan structures, credit needs, and risk tolerance.

• Prepare initial financial spreads, cash flow analyses, and detailed credit approval memos.

• Provide justifications for credit denials and present credit packages to the Executive Credit Officer.

• Oversee Credit Analysts and manage the input of BRR, covenant setting, RAC peer review, term-sheet evaluation, and analyst assessments.

• Ensure that staff adhere to regulatory and compliance standards and complete necessary training.

• Evaluate incoming credit applications for thoroughness and the quality of risk assessment, credit structure analysis, due diligence, and credit presentation.

• Balance customer risk with interest rate pricing strategies.

• Authorize new credits up to $500M and recommend approval for larger exposures.

• Monitor and manage the portfolio within established guidelines and operational policies.

• Interpret and implement credit and operational risk management strategies, including tracking approval and rejection rates.

• Suggest modifications to credit policies, underwriting templates, peer-review RAC, and operational systems.

• Keep track of past-due accounts and overdraft reports, ensure covenant compliance, and conduct monthly monitoring and annual reviews.

• Assist with default strategies in collaboration with the Executive Credit Officer.

• Lead Credit Analysts in monitoring covenants, delinquencies, annual reviews, and renewals as the team expands.

• Maintain compliance with state and federal regulations as well as bank policies.

• Perform other assigned responsibilities.

⛳️ Requirements

• Bachelor’s degree in Accounting, Finance, Business, or a related field.

• At least 7 years of experience in commercial lending or credit risk activities, specifically focused on Practice Finance or healthcare lending.

• Capability to thoroughly identify and mitigate risks.

• Highly advanced credit analysis skills, including the evaluation of personal and corporate financial statements, third-party business valuations, feasibility studies, CRE appraisals, industry and competitive analysis, business plans, and startup projections.

• Strong understanding of value-added credit structuring in a dynamic banking environment.

• Excellent planning and organizational abilities.

• Proficient in the use of personal computers and software applications such as HubSpot, Sageworks, Microsoft Word, Excel, Outlook, Primis systems, and underwriting platforms.

• Knowledge of federal regulations pertaining to loan applications from submission to record retention.

• Well-developed written, oral communication, and interpersonal skills.

• Ability to fulfill physical requirements, including extended periods of stationary computer work, repetitive hand/arm movements, and verbal and written communication.

• Consistent, reliable, and predictable attendance.

🏝️ Benefits

• Remote work option.

• Reasonable accommodations available for individuals with disabilities.

• Commitment to equal opportunity employment.

• Protections for veterans and individuals with disabilities.